Donald Trump announced Thursday the US will charge a 35% tariff on Canadian imports starting Aug. 1. In an open letter to Prime Minister Carney, he wrote “if you decide to raise your Tariffs, we will be added onto the 35% that we charge.” …“These Tariffs may be modified, upward or downward, depending on our relationship with your Country.” Carney posted on social media that Canada would work towards a revised deadline of Aug. 1 in reaching a new trade deal with the US. “Canada has made vital progress to stop the scourge of fentanyl in North America,” Carney wrote. …Trump pointed to what he called “unsustainable” trade deficits, as well as the Canadian dairy sector. On Wednesday, Trump announced a 50% tariff on copper imports. The US was Canada’s largest copper importer in 2023, accounting for 52% of the total export value. That same year, Canada’s exports of copper and copper-based products were valued at $9.3 billion.
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